$1,150,000
( $332.75Per Sq Foot )
$6,530 est/mo Sourced by Back At You2308 Wedekind Road,Reno, NV 89512
Reno, NV 89512
Description
Turnkey 6-unit apartment building with an in place 5.35 cap rate. No renovations needed, simply raise rents to an already proven market rate to achieve a 6.8 proforma cap rate. 1987 Construction. New roof in 2022 and fresh exterior paint in 2023 courtesy of the previous owner. Three new mini-split heating / cooling units, a new 50 year deck, new exterior lighting with security camera system, and extensive interior renovations were facilitated by the current owner in 2024 and 2025. All apartments have in-unit washer & dryer hookups. Ample tenant parking with 10 spaces. Units are individually metered for gas & electricity. Owner pays water, sewer, and trash. APOD and Rent Roll available upon request.
Details
| MLS # | 260013868 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | 2308 Wedekind |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 11 |
| Listing Provided By | DL Realty | Chris McCain |
Features
| SQ Feet | 3,456 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | MF30 |
| Acreage | 0.19 |
Interior
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Electric, Wall/Window Unit(s) |
| Cooling Yes / No | Yes |
| Window Features | Blinds |
Exterior
| Roof | Pitched, Shingle |
|---|---|
| Security Features | Smoke Detector(s) |
| Lot Features | Level |
| Construction Materials | Unknown |
| Road Responsibility | Private Maintained Road, Road Maintenance Agreement |
| Foundation Details | Crawl Space |
| Fencing | Partial |
Parking
| Parking Features | On Site, Parking Lot |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Electricity Connected, Internet Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Cellular Coverage, Water Meter Installed |
|---|---|
| Sewer | Public Sewer |
Taxes
| Property | 3797 |
|---|
Area Information
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89512 |
| Area | Washoe |
| Listing VS Median (in 89512) | |
Price: $1,150,000 low | high Med: $364,500 sqft: 3,456 low | high Med: 738 $ / sqft: $333 low | high Med: $495 On site: 11 low | high Med: 239.5 | |
Market Activity 89512
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NV |
|---|---|
| County | Washoe |
| City | Reno |
| Zip Code | 89512 |
| Area | Washoe |
| Listing VS Median (in 89512) | |
Price: $1,150,000 low | high Med: $364,500 sqft: 3,456 low | high Med: 738 $ / sqft: $333 low | high Med: $495 On site: 11 low | high Med: 239.5 | |
Listing Updated: November 12, 2026 at 11:37:35 AM PST